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2023: A Challenging Year for California's Hotels

The first half of 2023 proved to be a roller coaster for the California hotel industry, with varying performance across luxury, full-service, and select-service segments. The year started on a high note, especially for luxury hotels, before experiencing a dramatic decline in Q2 across all major areas, compared to the same period in 2022. ....

United States , Gross Operating Profit , Available Room , Total Revenue ,

2023: A Challenging Year for California's Hotels

Article - 2023: A Challenging Year for California s Hotels - The first half of 2023 proved to be a roller coaster for the California hotel industry, with varying performance across luxury, full-service, and select-service segments. The year started on a high note, especially for luxury hotels, before experiencing a dramatic decline in Q2 across all major areas, compared to the same period in 2022. ....

United States , Bugsy Chiu , A Challenging Year For California Hotels , Challenging Year , Gross Operating Profit , Available Room , Total Revenue ,

A focus on the margins: US hotel performance in the first half of 2023 - TravelDailyNews International

A focus on the margins: US hotel performance in the first half of 2023 - TravelDailyNews International
traveldailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from traveldailynews.com Daily Mail and Mail on Sunday newspapers.

United States , New York , Gross Operating Profit , Total Revenue , Total Labor Costs , Labor Costs , Percentage Point ,

A focus on the margins: US hotel performance in the first half of 2023

Hotels in the United States saw general pressure on profit margins in the first half of 2023, with Gross Operating Profit (GOP) margin falling by 1 percentage point compared to the same period in 2022. A closer look at brand-scale performance reveals that the extremes were particularly affected: both the luxury and midscale and economy segments exhibited the greatest year-on-year margin declines, as shown in Figure 1. ....

New York , United States , Gross Operating Profit ,

A Focus on the Margins: US Hotel Performance in the First Half Of 2023

Article - A Focus on the Margins: US Hotel Performance in the First Half Of 2023 - By Laura Resco - Hotels in the United States saw general pressure on profit margins in the first half of 2023, with Gross Operating Profit (GOP) margin falling by 1 percentage point compared to the same period in 2022. A closer look at brand-scale performance reveals that the extremes were particularly affected: the luxury and midscale & economy segments exhibited the greatest year-on-year margin declines. ....

United States , New York , Laura Resco , Gross Operating Profit , Total Revenue , Total Labor Costs , Labor Costs , Percentage Point ,